Lit Protocol: Towards Autonomy on the User-Owned Web
Lit Protocol provides decentralized key management infrastructure using MPC and TEEs to distribute key shares across nodes, securing assets while maintaining user control without exposing private keys. The protocol enables three emerging use cases: autonomous DeFi agents with non-custodial wallets, cross-chain orchestration across EVM and non-EVM networks, and privacy-preserving data access for AI applications. Since its February 2024 mainnet beta launch, Lit has secured over $100 million in assets, processed 15+ million requests with 300% month-over-month growth, and fostered an ecosystem of 70+ projects. Lit's upcoming developments include LLM tools for AI agents and Fully Homomorphic Encryption keys.